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>> that is the president will talking about the fiscal cliff challenges. he has described that going backed to the spring and summer 2011 as a big deal. it would help put us on a sustainable path that helped create the kind of ratio of deficit to gdp that alan krueger and others have been an discussing. that is his goal. when we talk about the longer- term deficit reduction targets, the near term target, one that could be resolved tomorrow if the house so desired, would be to pass the extension of the middle class tax cuts which would remove a substantial portion of the fiscal cliff right away and would give certainty to consumers and retailers right away. the president, as he has repeatedly, urges the house to do that. we should not hold the middle class hostage. we should not hold 98% of the american people hostage to an insistence that millionaires and billionaires, those making up words of $250,000 get tax cuts forward. it is not good politics. >> last person. >> could we see the president announced concerns about egypt? could we see this president rea
>> that is the president will talking about the fiscal cliff challenges. he has described that going backed to the spring and summer 2011 as a big deal. it would help put us on a sustainable path that helped create the kind of ratio of deficit to gdp that alan krueger and others have been an discussing. that is his goal. when we talk about the longer- term deficit reduction targets, the near term target, one that could be resolved tomorrow if the house so desired, would be to pass the...
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Nov 26, 2012
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but our new poll did ask the question, who would be more responsible if we head over that fiscal cliff? and as you see there, more people, 11 points, will blame the republicans. but i pulled out in sort of doing a deeper dive of the number of independent voters. look at that. independents whom we learned in this last election are really republican-leaning voters but they're kind of disenchanted, 43% of them would blame the republicans. again, only 32% blame the question. the republican-leaning independents, these the problem for speaker boehner and the republicans in the house. those are the voters they need to come back into the republican ranks, which is why you have this softening of the tone that we've been hearing over the weekend, in style, if not in substance, at least not yet. >> and where is the american public as far as the president's role is concerned? >> well, the president has his own tricky situation. just been reelected, he has to prove that he's a strong leader. he's got his liberals saying to him, we're not going to take those entitlement cuts. he's got those house re
but our new poll did ask the question, who would be more responsible if we head over that fiscal cliff? and as you see there, more people, 11 points, will blame the republicans. but i pulled out in sort of doing a deeper dive of the number of independent voters. look at that. independents whom we learned in this last election are really republican-leaning voters but they're kind of disenchanted, 43% of them would blame the republicans. again, only 32% blame the question. the republican-leaning...
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Nov 26, 2012
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on the fiscal cliff. this group is spearheading a movement, what they want to do is make everybody aware of the possible implications of going off the cliff. a big part of the fiscal cliff is tax reform. if congress and the president do nothing by the end of the year, employees could be in danger of losing some benefits attached to their 401(k)s. we talked with brian graph, with this group, he says the big worry is that congress could reduce how much employees can put into their plans on tax deferred basis. so you look at currently what we can do, workers can put up to $17,000 into their 401(k)s every year. you see that cut all the way down to $10,000. that's a huge difference, brooke. >> is this, you know, i know it is big companies, does this also affect small businesses? >> oh, yes, yes. and exactly, yeah. many small business owners are -- could consider just getting rid of their plans if the costs are to outweigh the benefits that would have a huge impact. employee benefit research institute finds tha
on the fiscal cliff. this group is spearheading a movement, what they want to do is make everybody aware of the possible implications of going off the cliff. a big part of the fiscal cliff is tax reform. if congress and the president do nothing by the end of the year, employees could be in danger of losing some benefits attached to their 401(k)s. we talked with brian graph, with this group, he says the big worry is that congress could reduce how much employees can put into their plans on tax...
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Nov 26, 2012
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cliff. >> we've heard both sides fighting. what do americans say they want to see in the deal? >> they want compromise, and what do they specifically want? look at these numbers. two-thirds say they want spending cuts, and some tax increases combined. only about 3 in 10 say just spending cuts. and john, it's interesting. when we asked just republicans that same question, slight majority said, yes, spending cuts and tax increases. >> interesting. do people think there is going to be a deal? >> not so optimistic. look at this question. this was asked by holland, our polling director. he asked, do you think washington officials, people doing these negotiations, will act like responsible adults, or spoiled children? well, i think it's pretty clear what the answer is there. two-thirds said spoiled children. and if there is no deal, the blame game. who will get blamed more? look at this number, 45% say republicans in congress will get blamed. only 34% said president obama will get blamed, and 15%, everybody is going to get the blame
cliff. >> we've heard both sides fighting. what do americans say they want to see in the deal? >> they want compromise, and what do they specifically want? look at these numbers. two-thirds say they want spending cuts, and some tax increases combined. only about 3 in 10 say just spending cuts. and john, it's interesting. when we asked just republicans that same question, slight majority said, yes, spending cuts and tax increases. >> interesting. do people think there is going...
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Nov 26, 2012
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you tell me we will solve the fiscal cliff, we'll solve the debt problems, we'll deal with a dysfunctional government, we will resolve that, you tax me, you tell me what the number is, my wife and i will sign up. the fact of the matter most americans feel the same way but that isn't the issue. the issue is over 60% of the federal budget right now is going to entitlements. it is unsustainable. we have $4 trillion in unfunded and unfunded liabilities to public employees whether at local, the state, the county or federal level. we have a crisis here and we have, we have elected officials in both parties of the senate, of the house, and the white house acting irresponsibly and i think frankly, if it weren't so serious it would be laughable because they continue to posture. they will have their little charts out there. they will have their little pies. their little bar charts. it is really going tock comical. megyn: it is a populist argument. we the administration don't want to tax the middle class. soak the rich to pay their fair share. >> they should. megyn: even if you raise taxes on the ric
you tell me we will solve the fiscal cliff, we'll solve the debt problems, we'll deal with a dysfunctional government, we will resolve that, you tax me, you tell me what the number is, my wife and i will sign up. the fact of the matter most americans feel the same way but that isn't the issue. the issue is over 60% of the federal budget right now is going to entitlements. it is unsustainable. we have $4 trillion in unfunded and unfunded liabilities to public employees whether at local, the...
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fiscal cliff. if not, it would trigger more than $500 billion in automatic spending cuts and tax hikes. >>> a series of tax increases and spending cuts that could do damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise, i think, first of all, the markets are going to start reacting. >> it's not a done deal, and it's not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> staffers have been working behind the scenes to find common ground to prevent across the board cuts lawmakers say should concern everyone. >> you should be worried if you have a fence job, and we all ought to be worried if we are dependent upon other aspects of the federal budget, whether we're worried about the regulation of our food safety, whether we're worried about our borders being secure, or whether we're worried about an fbi being supported. >> a key sticking point is what to do about taxes? democrat
fiscal cliff. if not, it would trigger more than $500 billion in automatic spending cuts and tax hikes. >>> a series of tax increases and spending cuts that could do damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise, i think, first of all, the markets are going to start reacting. >> it's not a done deal, and it's not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over...
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Nov 26, 2012
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kruger said, does the white house have an opinion on the fiscal cliff divers? is it you guys asking them not to do this? are they wrong? >> we are engaged in a process that has the goal of achieving bipartisan compromise. we believe that the best answer for the economy is to reach compromise before the end of the year. it is effectively laid out, one of the reasons we addressed this issue. the impact of raising taxes on the middle-class, for example, and the impact it would have on consumer confidence, retailers, and overall spending. the president's approach has always been -- was best for the economy? though class? what will keep it up for stronger economic growth and job creation. that was how big a hole was at the depths of recession. his primary objective as president has been and will continue to be strengthening the middle-class, creating more opportunities for people to aspire to the middle-class, to get there. it is certainly his position that these are solvable problems. >> you are saying to let it all go until after the new year. >> our interest is i
kruger said, does the white house have an opinion on the fiscal cliff divers? is it you guys asking them not to do this? are they wrong? >> we are engaged in a process that has the goal of achieving bipartisan compromise. we believe that the best answer for the economy is to reach compromise before the end of the year. it is effectively laid out, one of the reasons we addressed this issue. the impact of raising taxes on the middle-class, for example, and the impact it would have on...